Middle East Healthcare Co. (Saudi German Health) Announces Non-distribution of Cash Dividends to Shareholders for Financial Year of 2023

Middle East Healthcare Co. (Saudi German Health) Announces Non-distribution of Cash Dividends to Shareholders for Financial Year of 2023

Element List

Explanation

Introduction

Middle East healthcare Company (Saudi German Health) announces that the Board of Directors recommended on 20/09/1445H corresponding to 30/03/2024 not to distribute dividends to shareholders for the financial year of 2023 due the company needs to support the expansion projects and current construction projects. Furthermore, the company is also continuing the renovation of the hospital buildings as well as upgrading the systems and medical equipment. This will improve the operation of the hospitals and increase the company investment in the healthcare sector.

Date of the board’s decision

2024-03-30 Corresponding to 1445-09-20

Reasons for Not Recommending Distribution

The company needs to support the expansion projects and current construction projects.

Additional Information

These recommendations will be raised to the General Assembly Meeting for voting.

Middle East Healthcare Co. (Saudi German Health) Announces Non-distribution of Cash Dividends to Shareholders for Financial Year of 2023